Ace delists from Bermuda Stock Exchange
Updated: Jan 27, 2016 11:11 AM
Insurer Ace Limited has delisted from the Bermuda Stock Exchange (BSX) following its acquisition of Chubb Corporation in a $29.5 billion takeover. The deal created the world’s largest publicly traded property and casualty insurance company.
The Ace name has been replaced by the new identity of Chubb Limited. The company also has a new logo.
The Listing Committee of the BSX waived the normally required 60-day notice period in consideration of the specific circumstances of the acquisition and the subsequent immediate listing of Chubb Limited on the New York Stock Exchange.
Chubb Limited was listed in New York on January 15 with the trading symbol “CB”.